Glasgow’s Beeks wins three more contracts

Glasgow-based Beeks Financial Cloud Group plc, a cloud computing and connectivity provider for financial markets, has announced three more contract wins across its Analytics, Proximity Cloud and Private Cloud offerings, with a combined total contract value (TCV) of £1.7 million.

The contracts include a 34-month software contract for Beeks Analytics and Market Edge Intelligence with an existing global financial services customer, for deployment in London, with a total contract value of £500,000 and opportunities for further expansion.

The contracts also include a three-year Proximity Cloud contract with a new global technology customer, with a total contract value of £600,000 and opportunities for future expansion and an additional three-year Private Cloud contract with a longstanding strategic partner, with a total contract value of £600,000.

Beeks CEO Gordon McArthur said: “These contract wins demonstrate continued demand across our product portfolio and reflect the breadth of opportunities we are seeing across infrastructure, connectivity, analytics and AI-powered insight.

“We are particularly encouraged by the early adoption of Market Edge Intelligence following its launch earlier this year. The contracts further strengthen our revenue visibility across each of our offerings.”